The first year of the global 0.5% sulphur cap ‘will be a $72 billion free ride,’ says Trident Alliance steering committee member Poul Woodall.

Speaking at the S&P Global Platts European Bunker Conference, Woodall, who is director, environment & sustainability, DFDS, said 180 million tonnes of marine fuel would have to change from high sulphur products to low sulphur products by 2020, which would result in $72 billion in additional costs.

‘This figure is so big...it’s a significant amount of money for every day you avoid this additional cost,’ said Woodall.

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